Abstract

This IDC study presents the historical view of the worldwide BDA software market for 2013–2018 and the forecast of the market for 2019–2023. The study includes a breakdown of the market by 14 subsegments, 3 geographic regions, and public cloud versus on-premises/other software deployment methods. It also includes a discussion of key market drivers and inhibitors as well as guidance to vendors.

"The big data and analytics software market, which in 2018 reached $60.7 billion worldwide, is expected to grow at a five-year CAGR of 12.5%. There are three significant shifts happening in the BDA software market that are reflected in this forecast: First, the increasing importance of data in the modern enterprise; second, the ongoing shift to public cloud; and third, growth of artificial intelligence/machine learning (ML) as enabling technology within data management and analytics software," said Chandana Gopal, research director, IDC's Business Analytics Solutions.


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